ETF Trends
07-31-2008, 07:30 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/wp-content/uploads/2008/07/heathjoker.png
You’d think that some record-setting numbers for one of the summer’s hottest and most entertaining movies would be delivering some hope to exchange traded funds (ETFs).
This weekend,The Dark Knight raked in another $10.5 million to its total gross of $324.3 million, making it Warner Bros.’ biggest hit in history. Unfortunately, though, the numbers seemed to have virtually no effect on the stock of the studio’s parent, Time Warner (TWX (http://finance.yahoo.com/q?s=twx)).
The Hollywood Reporter said the shares were at $14.70 on July 18, opening day. As of Tuesday, they were trading at $14.57, reports iMDb (http://www.imdb.com/news/ni0277197/).
Interestingly, Time Warner is also the parent of DC Comics, Batman’s birthplace.
The media ETF, Powershares Dynamic Media (PBS (http://finance.yahoo.com/q?s=pbs)),gives 5% to Time Warner. The fund is down 19.1% year-to-date.
http://www.etftrends.com/wp-content/uploads/2008/07/z140.png
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/351968304/why-so-serious-the-dark-knight-cant-help-media-etf.html)
http://www.etftrends.com/wp-content/uploads/2008/07/heathjoker.png
You’d think that some record-setting numbers for one of the summer’s hottest and most entertaining movies would be delivering some hope to exchange traded funds (ETFs).
This weekend,The Dark Knight raked in another $10.5 million to its total gross of $324.3 million, making it Warner Bros.’ biggest hit in history. Unfortunately, though, the numbers seemed to have virtually no effect on the stock of the studio’s parent, Time Warner (TWX (http://finance.yahoo.com/q?s=twx)).
The Hollywood Reporter said the shares were at $14.70 on July 18, opening day. As of Tuesday, they were trading at $14.57, reports iMDb (http://www.imdb.com/news/ni0277197/).
Interestingly, Time Warner is also the parent of DC Comics, Batman’s birthplace.
The media ETF, Powershares Dynamic Media (PBS (http://finance.yahoo.com/q?s=pbs)),gives 5% to Time Warner. The fund is down 19.1% year-to-date.
http://www.etftrends.com/wp-content/uploads/2008/07/z140.png
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/351968304/why-so-serious-the-dark-knight-cant-help-media-etf.html)